Grocery store-anchored real estate began booming during the pandemic—part of an acquisitions trend that continues in 2022.

Sterling Organization acquired two premier grocery-anchored shopping centers totaling 280,000 square feet in a portfolio transaction announced this week.

Based in affluent neighborhoods, The Grove (Orlando MSA) and Riverfront Plaza (New York MSA) were acquired on behalf of Sterling's institutional grocery-anchored shopping center core fund, Sterling United Properties, for $113.75 million and mark the 11th and 12th investments made by the Fund.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Net Lease
Retail
Midwest
Northeast
Southeast
Southwest
West